HUL has been a very stable stock during the COVID crisis. With the broad market showing signs of weakness and HUL being at good support levels, it might just give a reasonable return at a favourable risk-reward.
This is a pretty important resistance for Venkeys. The stock has a tendency to retest 1000 levels. The last time such a retest happened, it broke out of an upper circuit spree. This time around, the candles do not inspire confidence as the most recent three indicate a fair bit of choppiness. Volumes appear to be fairly good and momentum seems sufficient to breach...
Last week we had expected a breakout above the hourly consolidation. However the stock went into a sideways consolidation on daily time frame basis forming a bull flag like continuation pattern. Tata Consumer Products have recently broken our above all time high and after the breakout the stock has been consolidating sideways into a bull flag continuation pattern....
Britannia has broken out above previous ATH warranting attention. In addition to this the stock has witnessed a breakout from a Bull Flag a continuation pattern. This opens up a opportunity for a Buy trade in Britannia with a Buy at Rs 3702 with stop at Rs 3591 for a target of Rs 3870.
Tata Consumer Products have recently broken our above all time high. After the breakout the stock has been consolidating sideways into a bull flag. A breakout above opens target of about 474 on the upside.
Since long, the stock seems to be under the consolidation phase. After quarter results, i'll wait for a bullish phase.
CMP 1295.25 TGT 1340 Short Term 1 Wk Trend Reversal Stop Loss 1283
Elliott Wave Pattern Completed , Double Corrective Flat Followed By Zig Zag Price Retraced 0.5 Of Its Impulse Wave . Bigger Time Frame Trend Is Upside . If Price Respect 2088 Level That Is 0.618 Fib Then It Will Give Big Upside Movement . Last High Can Also Break . Find A Bullish Setup Around Demand Zone (Marked Green) Or Near 2088 Level . Happy Learning .
Buy HUL Huge upside open, downside support at 2275, 2250 Final Support, upside 200 to 300 points in weeks time if crosses above 2355 with volumes.
* Price Touching Bottom Of Channel , Retraced Almost 0.618 . * Neutral Candle With High Vol . ( Above It Go Long .) Happy Learning .
HUL just hit fresh high. looking for a short sell and then buy from low levels. EVEN rsi states it as overbought.
FMCG giant COlgate Looks Weak Bearish Flag Under Construction If Breaks Below Flag Fresh Downside till the target Area is expected Stop Above the EMA Do Your Own Analysis Before Taking Position
Start shorting BRITANNIA here via futures or options
After a strong big green candle breakout from 1216 levels, this confirmed a uptrend momentum intact and after confirmation of previous resistance as support, it confirms a better risk reward. It shall reach to the next resistance levls of 1250 as per this 30 mins chart. Target: 1250 SL: 1210